Don't buy gas on 5/15!

gas got over $3/gal here. guess this was a load of crap, as predicted :rolleyes:

The state of TX is considering legislation that will revoke the state sales tax on gasoline for the heavy travel months of June, July, and Aug. That'll drop the price by .20 a gallon....if it happens.

This stuff cracks me up.

Like it will do anything.

These companies are ran by gabillionaires. It wont affect them.

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Originally Posted by JLC

The state of TX is considering legislation that will revoke the state sales tax on gasoline for the heavy travel months of June, July, and Aug. That'll drop the price by .20 a gallon....if it happens.

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See...seeing/hearing stuff like that makes me lose even more confidence in our legislators and their ignorance to economic principles.

Voting to get rid of the gas tax might pull the price down...but in the end it will be a temporary fix to a bigger problem - just another round of "feel-good" legislation for incumbant canidates to win over votes. Still like this is all politics, and no brains.

So, they get rid of the gas tax, and gas goes down 20 cents a gallon overnight. Suddenly everyone starts consuming gas again like its 20 cents cheaper...then in september, as a result of the increased demand of gasoline over the summer months at the reduced price, gas suddenly goes back up HIGHER than what it might have been had they just kept the tax in place and let the price go where it would go naturally.

Basically, you reduce gas by 20 cents in June to guarantee a 40-50 cent overnight increase in september. Talk about wallet-shock...
Again, just another stroke of pure genious by our law-makers. :salute:

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Originally Posted by elevatethis

See...seeing/hearing stuff like that makes me lose even more confidence in our legislators and their ignorance to economic principles.

Voting to get rid of the gas tax might pull the price down...but in the end it will be a temporary fix to a bigger problem - just another round of "feel-good" legislation for incumbant canidates to win over votes. Still like this is all politics, and no brains.

So, they get rid of the gas tax, and gas goes down 20 cents a gallon overnight. Suddenly everyone starts consuming gas again like its 20 cents cheaper...then in september, as a result of the increased demand of gasoline over the summer months at the reduced price, gas suddenly goes back up HIGHER than what it might have been had they just kept the tax in place and let the price go where it would go naturally.

Basically, you reduce gas by 20 cents in June to guarantee a 40-50 cent overnight increase in september. Talk about wallet-shock...
Again, just another stroke of pure genious by our law-makers. :salute:

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Agreed 100%.

Quote:

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Originally Posted by elevatethis

See...seeing/hearing stuff like that makes me lose even more confidence in our legislators and their ignorance to economic principles.

Voting to get rid of the gas tax might pull the price down...but in the end it will be a temporary fix to a bigger problem - just another round of "feel-good" legislation for incumbant canidates to win over votes. Still like this is all politics, and no brains.

So, they get rid of the gas tax, and gas goes down 20 cents a gallon overnight. Suddenly everyone starts consuming gas again like its 20 cents cheaper...then in september, as a result of the increased demand of gasoline over the summer months at the reduced price, gas suddenly goes back up HIGHER than what it might have been had they just kept the tax in place and let the price go where it would go naturally.

Basically, you reduce gas by 20 cents in June to guarantee a 40-50 cent overnight increase in september. Talk about wallet-shock...
Again, just another stroke of pure genious by our law-makers. :salute:

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I agree !! But I doubt it will take till September to show back up. The increase in driving (caused by the sudden price drop) will again cause shortages and drive the price back up.

see i disagree with the gas out because it will do no good. look at it this way no buys gas for one day ok what has that done nothing everyone will have to buy tomarrow so thay hurt for a day. that be like you bumping your toe it would hurt for a little but not long. now if everyone could go a month with oout buying gas that would hurt them it would be like cutting off your toe.

If everyone did things that would only necessitate going to the gas pump once a month, then MOST CERTAINLY gas prices would go down...but it wouldn't be because the oil companies were "hurting," it would be because demand would be drastically reduced.

For the umpteenth time...OIL COMPANIES DO NOT DETERMINE THE PRICE OF GAS.

If you need someone to blame...blame OPEC. They control the majority of the supply of crude oil on the world market, one of the major determinants of the price of gasoline.

regardless if it does anything or not, im not paying $3.30 for gas, and its all over the news and all over my building, so it may not hit as hard as they say, but im sure it will make some impact. its only one day of not buying gas, is it really that hard to do?

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Originally Posted by elevatethis

If you need someone to blame...blame OPEC.

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I would suggest you blame Mother Nature too. All the hurricane damaged a lot of the refineries in the Gulf and that currently is the biggest bottleneck in getting more gas to meet the demand.